|Bid||89.31 x 200|
|Ask||89.77 x 400|
|Day's Range||88.79 - 91.50|
|52 Week Range||76.59 - 106.96|
|PE Ratio (TTM)||69.81|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||2.00 (2.22%)|
|1y Target Est||117.54|
Enabling new lower levels of total cost of ownership for cloud and enterprise customers, Western Digital Corporation today introduced the Ultrastar® DC HC530 hard drive – at 14TB, no other CMR hard drive in the industry offers a higher capacity.
Zacks.com highlights: Western Digital, ArcelorMittal, Arrow Electronics and Horizon Pharma Public
In the previous part of this series, we learned that analysts expect Seagate’s (STX) revenue to rise 2.4% YoY (year-over-year) in fiscal 3Q18. Comparatively, the company’s EPS (earnings per share) are expected to rise 20% in the quarter, which ended in March 2018. Analysts expect Seagate’s revenue to rise 8% YoY to $2.6 billion in fiscal 4Q18, 0.9% YoY to $10.9 billion in fiscal 2018, and 1.3% YoY to $10.7 billion in fiscal 2019.
Storage company Seagate (STX) is expected to announce its fiscal 3Q18 results on May 1, 2018. Analysts expect Seagate to post revenue of $2.74 billion in fiscal 3Q18, a rise of 2.4% YoY (year-over-year) compared to its revenue of $2.67 billion in fiscal 3Q17. Wall Street has a high revenue estimate of $2.81 billion and a low estimate of $2.64 billion for the quarter, which ended in March 2018.
Western Digital (WDC) continued to lead the worldwide HDD (hard disk drive) market at the end of 4Q17 with a share of 40%, according to Coughlin & Associates. Comparatively, Seagate (STX) and Toshiba accounted for 37% and 23% of this market, respectively.
Western Digital (WDC) has returned 7.5% in the last 12 months, -12% in the last month, and 0.3% in the last five days. WDC stock rose 17% in 2016 and ~20% in 2017. Since the start of 2018, it’s risen almost 14% despite the tech sector sell-off in early February and mid-March.
We know that PC (personal computer) gaming has long attracted innovation and investments not only from traditional gaming companies such as Electronic Arts (EA) and Activision Blizzard (ATVI) but also from PC manufacturers such as Hewlett-Packard (HPQ) and Dell.
The demand for data storage is expected to grow exponentially over the next few years driven by the adoption of 4K Ultra HD video and emerging applications, including artificial intelligence (or AI), machine learning, and data analytics. This growth in data provides an opportunity for storage companies such as WDC, Seagate (STX), NetApp (NTAP), and IBM (IBM) to expand their existing solutions portfolios by introducing new products. According to WDC, this storage product can be used by businesses to track their asset security or by retail owners to analyze shopping behavior through facial recognition.
In the previous part of this series, we learned that analysts expect Western Digital’s (WDC) revenue to rise 6% YoY (year-over-year) in fiscal 3Q18. The company’s EPS are expected to rise over 37% in the quarter. Analysts expect WDC’s revenue to rise 4.6% YoY to $5.1 billion in fiscal 4Q18, 7.5% YoY to $20.5 billion in fiscal 2018, and 2.9% YoY to $21.1 billion in fiscal 2019.
Although commodity costs were higher in fiscal 1Q17 than in fiscal 1Q18, and they are expected to be lower in fiscal 2018, HP (HPQ) expects increasing DRAM (dynamic random access memory) prices to remain a headwind during the year. However, HP expects product demand to fall if it transfers component price increases to consumers.
Western Digital (WDC) unveiled new high endurance and robust performance enabled Purple micro-SD card to facilitate video surveillance cameras.
Western Digital Corporation (NASDAQ:WDC) trades with a trailing P/E of 68x, which is higher than the industry average of 18.7x. Although some investors may jump to the conclusion that youRead More...
Memory storage has become a strategic differentiator in high-end computing, benefiting Micron Technology and other leading storage names.
The U.S. and China might be closer to resolving their trade issues after President Xi Jinping noted that his country will look to further open the Chinese economy to outsiders. There are no guarantees just yet, but markets seem to be a bit less jittery recently. This means now might be a good time to buy back in on the industry that drove indexes to historic heights.